Vemma has filed his quarterly report to the USA court. The two big takeaways from this report is that sales since November are up 65% and Vemma would be profitable if it wasn’t for the debt the receiver created for the company. I have a lot of respect for BK Boreyko, Vemma’s CEO. It …
Vemma Sales Up 65%
A lot of people that signs up with a network marketing opportunity such as Vemma were welcomed to a private business reception (PBR) by a friend. They are basically individuals who work at regular jobs without any business development responsibility.
In Vemma, you will certainly have 2 types of reps. There is the common representative which comprises about 95 – 97% of the whole company. Not only in Vemma, however in every MLM company.
Vemma is a company that uses the MLM business model to distribute its products. This business model involves a compensation plan that rewards regular people for introducing the brand to their closest contacts, family. The Network Marketing business model offers as average human being an opportunity to obtain into the entrepreneurship world.
You probably need to run if there are no genuine products being sold that individuals would spend for even if they were not involved as a distributor. The last time I checked, Vemma does not fall under that category.
Is Vemma a scam?
This concern comes from a place of fear. There is nothing abnormal with a little fear as cautionary measure. But what I just shared with you is an almost surefire way to know if a business structure is a scam, ponsi scheme or something you ought to avoid at all cost.
The investment minded representative is the driving force in Vemma and the other multi-level marketing companies. In every 30 IBOs sponsored into Vemma, the desire needs to be 3 or less investment minded representatives who become the super stars. The rest of them are opportunity minded individuals. They are in it for exactly what they can obtain from the world and not what they can provide for the world. This habit is actually normal and the very reason why you might see some declaring the 95% failure rate in business opportunities such as Vemma. It has nothing to do directly with success rate in the opportunity itself; but the entire industry wide.
Similar to thousands of other multi-level marketing opportunities, the majority of Vemma reps do not take the time to read their independent employee contract. By default, that agreement simply states if you sell, they will certainly pay you. It also says Vemma has the right to terminate your account if they dim you or your business practices damaging to the company wide goals.
When folks join a business opportunity deal such as Vemma, they are called reps, independent business owners (IBO) and range of various titles by various MLM companies. They often sign up with at a start up cost no more than $5,000. As much as this is a positive, it can also When folks sign up with a business venture such as Vemma, they are called reps, independent representative (IBO) and selection of various titles by different multi-level marketing companies. There is something different with the state of mind of an individual who invested $3,000,000 (million) in a business opportunity and an individual who invested listed below $3,000. Essentially, the previous takes the business more serious and they have more skin in the new business venture.
Success in the opportunity needs finding out some skills beyond exactly what Vemma may have provided for you. This is the point where we see the distinction in between those in business for exactly what they can receive from the world versus how they can influence the world. This is where you discover the distinction in between the average grumbling that their upline is not available to babysit them and the champions that takes full ownership in their journey with Vemma.
As a representative, when marketing your Vemma opportunity, attraction marketing is exactly what you have to adopt and use. I do believe you should launch a brand new network marketing career to your existing contacts. But after a launch, the next sensible thing to do is to learn the best ways to market and prospect like a PRO.
If you lead with the company brand in this times in marketing, the first thing your prospects will certainly do is to Youtube search your business opportunity name. If they do that without them being already convinced on working with you as a leader, they will certainly either find unfavorable stuff online about your company or find another leader in Vemma to work with.
One of the numerous reason why numerous fail in Vemma that you should avoid is pushing the company’s brand. Typically when I am talking with an MLM representative with regards to marketing, they see themselves tippy toeing through business due to the fact that they are scared of breaking the company rules. The only way to break the company policies is by using the company brand. That’s bad marketing for an MLM rep anyhow. Therefore there is not a policy that needs to pertain to your mode of operation.
When you search on YouTube for Vemma reviews, you are most likely not going to see a lot of truth. Search engines are just another bath room wall where individuals with all kind of intentions can put whatever information that they desire. With respect to success in Vemma as a rep, it’s all in leveraged and active marketing and prospecting. I advise attraction marketing.